LEVERAGE THE VALUE OF YOUR DATA

Realise the potential of data insights in your business with our Data Analytics and Insights Practice. Bring clarity to the confusion, leverage the true value of the data you hold to really understand what your processes and customers are telling you, so that you can effectively measure and improve your business performance. We exist to help you understand and use the stories contained within your data so you can make better informed decisions.

Common challenges with data

Businesses are generating more and more data, and struggle to make effective and efficient use of that data: the capture, analysis and gaining of insights. They don’t know which data truly matter, what is worth capturing, what they capture, but don’t.

Data is more often used for measuring business performance purpose and less so for improving business performance, hence we also see that there is a need towards deploying visual management of the way the business operates, which requires robust and reliable data.

The future is full of data

We are seeing an increase in interconnectedness and data generation. Today, we are surrounded by data capturing sensors: the smartphone, step counter, heart rate monitors, home security and energy monitoring systems, social profiles etc. One prediction states that by 2050 we will have 10 trillion sensors on this planet – about 1000 sensors per person. We often work with organisations who are still struggling with capturing the benefits from this, hence a massive risk is paralysis by analysis.

Generate Data, Analyse Data, Develop Insights

Our core purpose is to offer resources, tools, methods and principles to create, collate and analyse different data types and generate actionable insights to improve your business performance. To make this happen we need to generate the right data, analyse in a robust and consistent manner, and offer the mean to develop insights into existing or new situations.

GENERATE DATA: facts and statistics collected together for reference or analysis

Many organisations generate and store lots of data, in their systems, often hidden in a plethora of excel spreadsheets, or filed away. Data is often focused on reporting business performance, not improving business performance, hence we need to assess what you have currently available to gain deeper insights and make good quality decisions to manage and improve the effectiveness and efficiency of your organisation.

ANALYSE DATA: the discovery, interpretation and communication of meaningful patterns in data

If you don’t know how to analyse the data in a meaningful and robust manner, you risk drawing the wrong conclusions. Too often we use incorrect methods for analysing data for analysing too much data, hence we offer robust and proven methods support the analysis, visualisation and exploration of the data that matters.

DEVELOP INSIGHTS: the capacity to gain an accurate and deep understanding of someone or something – a complicated problem or situation

Gaining Insights is the process of developing new understanding of often complex situations. It requires an outside view, using robust methods, diagnostic approaches, and critical thinking skills, which go beyond just the numbers.

How we help

GENERATE DATA

Develop your Business Intelligence Strategy and processesWe will support you in the development of your BI strategy.
We will support the development of tailored processes to execute your BI strategy.

Design your measurement processesWe will design standardised processes which support the strategy and deliver robust, capable and manageable data

Acquire dataWe assess the best available solution to design, test and deploy measurement processes
Understand the data supply chain: supplier, within the organisation, B2C, B2B
BATNEEC (best available technology not exceeding excessive costs).

ANALYSE DATA

Carry out statistical analysis of your dataA number isn’t a number, how do you analyse words? We need to assess what type of data it is, which dictates what type of analysis is possible. We use a wide range of statistical tools – for example: hypothesis testing, regression analysis and statistical process control, to gain insight. We can either carry this out on your behalf or we will train your people to do this in a consistent and confident manner

Visualise your dataThere are many ways in which to tell a story, and we all have a preference how that story should be displayed. Humans used pictures long before the written word or numbers, hence we endeavour to use pictures to tell the story. Visual management is a key enabler for measuring and improving business performance

Explore your dataThe preference is to know the question you are trying to answer, prior to analysis, however, there are also situations where we don’t have clear questions, yet want to derive meaningful answers. We use statistical and visual methods to help you look at your data in new ways and help you develop new theories

DEVELOP INSIGHTS

Gain insights from your data
By having a thorough understanding of your processes, data, interactions and wider aspects, new insights can be gained to drive and improve business performance. What is the data telling us? It’s like CSI: let the evidence tell a new story, which confirms your predictions, or give you new insights.

Design & deploy the right dashboards and reports
By displaying the insights in an easy to understand manner, the effectiveness and efficiency of decision making can be dramatically improved

Realise the potential of data
By developing thorough and robust methods for analysing and displaying the data we can gain new insights to enable tactical, operational and strategic decision making

What you get

Better use of your data
Effective, efficient and adaptable outcomes
Making use of your existing data
Ensure the data you collect is fit for purpose

Better decision making
Easy to understand information to drive decision making
Getting an agreed version of the ‘truth’ from your data – support your views and opinions with facts and insights
Remove bias

Risk management
Understand limitations of the evidence gathered thus, on which basis decisions are made